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20131202
20131210
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college. 19-year-old barack obama with the beginnings and the roots of his political career being inspired by nelson mandela and it talks about the responsibility he feels going forward to emulate and live up to the example that he set. >> who are we hearing from him and he'll? what did they have to say? aboutce the news broke his death, there has been a real out touring of statements from every possible corner of capitol hill to imagine everyone from republicans, democrats, ted , dickmitch mcconnell durbin, nancy pelosi. regardless of political ideology , there is a real outpouring of support and memories in honor of nelson mandela and his contributions. a lot of people talking about what he stood for in terms of ease and justice, the examples and he set in his own life calling on their colleagues and themselves as politicians to emulate that example. >> kathleen hunter from washington emma we are asking you to stand by because it seems we have connected with our s, injure, franz wile hotness burg. we know you try to get as close to the home as possible. describe the scene. >> i'm about 5
at congress today, when you look at what happened to obama in the knife years since he was initially elected, i think we are very r, sadly, from mandela's legacy in the united states. i think when you look at the global stage and you ask there that is the kind of statesman that mandela really represented to the world, and you scratch your head. we are just not in that enviroent today. we don't have anyone coming to mind that would fit those shoes. they are very big shoes indeed. > yen, one of the fame he is images is of nelson mandela attending the soccer world when it came to stojakovic. what role did that play? >> he was very frail at the time. there was a big question of whether or not he would be able to make it at all. there was south africa appearing on the global stage in the same way that when bengal hosted the olympics, marking the coming of age of china as a real international actor of global capacity. it was so fitting that mandela was able to see that through for his country. i wasn't there, but i of course watched it on tv, as we all did, and you can't tell that it electrifying
in certainty even if it is just for one year. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. they think at the end of this week the enrollment numbers are , looking pretty good but that is in the front end. that is the user experience. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. i am not in that category. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen, meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but
at or below the minimum wage of seven dollars -- $7.25 last year. president obama is calling for a hike to about $10 per hour. that is what he calls a broad growth agenda. airport workers and fast food workers and to nurse assistants and retail salespeople who work their tails off. they are still living at or are above poverty. that is why it is well past the time to raise a minimum wage that in real terms right now is lower -- >> fast food workers in 100 cities across the country made a strike yesterday. they earn about nine dollars per hour. they want the minimum increased to $15 per hour. i want to bring in columbia university professor -- who focuses on labor inequality issues. i want to start with you. restaurant workers are calling for $15 per hour. don't they run the risk that mcdonald's or wendy's will cut the workforce? >> that is the myth. we have plenty of studies recently that show there are negligible employment effects when you raise the minimum wage. when you think about it, take the current employees -- $7.25 per hour. a big mac is three dollars. they could actually buy
to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global commerce. to basically out get an agreement among all of us since 2001 or even earlier in 1995. we have not been able to get an agreement. that is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. paul's point to the national vote which must be held by may. let's have a look at the prospects of the trading week over there and what happened on friday as well. it was higher by about 0.3%. we could be building on that. a group of investors is said to be considering a bid for the qantas fleet. that w
yesterday at the age of 85 years old. he will lie in government buildings until his burial. president obama will be among the dignitaries attending the funeral. willding champion, spain, play a world cup game against the netherlands. it is a repeat of the 2010 final. they hope that brazil faces a relatively easy path. that is after the draw that included x ago. the united states was in the toughest group with germany, portugal, and donna. the normally sun swept texas is called. it is being called ice friday. the national weather service issued ice warnings for parts of texas, oklahoma, and six other states. minnesota and wisconsin were hit with as much as two feet of snow. in north temperatures dakota have been 40 below zero. that is a look at top stories in the news for this hour. it is a time to look at the commodities report. su keenan is in the newsroom with insight on today processor. was a bigs report driver for commodities, as it was for stocks. oil futures rose. we are seeing the biggest weekly gain since july. these were spectacular jobs numbers. and they ultimately support higher
in december and deutsche back in april. -- this year we had lloyd's in december. there could be a flurry of initial share sales from the likes of hsbc next year. >> caroline hyde our european business correspondent. tech giants calling on president obama. what are these companies looking for? >> they're looking for the us government to curtail its electronic surveillance program. eight of the biggest tech companies have signed an open letter to president obama and congress that will go in the papers today. they're done things like this before. the fed open letters and what is different now is there more angry than they have been in the past. they're also more specific in terms of what they would like the government to do. one thing they would like to see is some kind of limit on the authority of the government to also collect data. ceo of google, larry page, says we're doing our utmost to up our game in terms of asryption at google and even we do that we apparently learn that the government is wholesale taking this data off our servers, undermining our ability to provide our users with m
to a five-year low. towill talk to the pimco ceo get his take. president barack obama calls nelson mandela an example all aspire to.ould the president will likely attend mandela's funeral. japan's prime minister tells bloomberg he would like -- we have an exclusive interview later this hour. -- rate fell.te i want to bring in the chief washington correspondent peter cook and mike. you have been giving -- digging into the household survey and what that tells us about the market. >> yes. ist is really important here not only the level of the unemployment rate but the number of jobs created 818,000. the tin hat folks will love that. is a lot of job creation in the household survey. it is good news. for a look at the numbers the overall jobless rate come out to three digits. this month came in at 7.023%. below a six handle. the fed has been talking for 6.5% threshold. it will start a lot of hope among people out there that the job market is getting better. december they fall to a six percent number. >> building on that and what the will it be, how much on ben bernanke do something in december
? >> they do not like this at all. the obama administration, however, may like it, i think. president obama has already indicated that he will be proposal certain reforms to these processes and has a review panel going over them with a report due by the end of the year. so it's possible some of these ideas will line up with president obama's own reforms which may be resisted by his intelligence community. >> when it's resisted by the intelligence community, i guess that takes us to whatever the next crisis is, whoever wants to predict that. but does this drift away given the next security crisis for the nation? >> no question that if there were another attack, and these practices were faulted, that would be a disaster. and all efforts to reform them would then stop. and what this letter essentially is arguing is that the economic benefits to the u.s. economy and to these companies outweigh the reduction in risk that arises from these surveillance practices. that's a very controversial point. they're good arguments on both sides of it. and it is in a way the crux of the matter. >> what i found i
walking offer the job, but fast food workers are because of wages. it started in new york city last year. it has grown to about 100 city. in some washington are behind the workers. 53 accept a letter to mcdonald's, yum brands and others calling on companies to increase employee play. obama jumped in. he said they work their tales off and live barely above poverty. $10:10 support a minimum wage. they want $15. >> they want $15 minimum for any worker. >> think about this. if you had any relative that was working negligence a full-time job, one of these jobs, would you want them making that wage. >> the average wage is about $8.9 in these places. you are looking at $16,000 or $17,000 a year to make a living. nobody can make a living at that rate. >> if we all agree it is not going to hurt the economy to raise the minimum wage, why don't we raise it to $50? that is a much better idea. >> hang on. hang on. >> let's mac it $500. >> remember this. it is true if people make more, they are going to spend more, but it also means prices are going up. those dollar meals at mcdonald's, they won't be
Search Results 0 to 9 of about 10